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Putting the Equity in Your Home to Work for You!

Put the equity in your home to work for you!

Access Empire’s Home Equity Line of Credit (HELOC) to pay for education, buy a car, remodel your home, or for any purpose you choose. There are no closing costs for lines up to $350,000.* Borrow only what you need when you need it with flexible payment options and discounts for loyal Empire customers.


  • Revolving, variable-rate line of credit
  • Secured by first or second mortgage on your primary or secondary residence.
  • Accessible via check or Online Banking service
  • Amounts higher than $350,000 available upon request*
  • $25,000 minimum line
  • No application or annual fees
  • Minimum advance is $500 to avoid a $15 fee.
  • Hazard insurance is required and flood insurance may be required


  • Funds available during a 10-year draw period
  • Amount borrowed is repaid over the following 15 years

Monthly Payment Options

  • Interest only
  • Interest plus one-quarter of one percent (0.25%) of the monthly outstanding principal balance

Eligible Properties

  • Primary or secondary residence
  • Must be owner occupied – no investment properties
  • Must be a single family home or condo – no co-ops
  • Properties must be located within Nassau, Suffolk, Brooklyn, Queens and Manhattan

Interest Rate

  • Prime + 0.99%; Annual Percentage Rate subject to change

Interest Rate Discounts

  • 0.25% if payments are automatically deducted from an Empire checking account
  • 0.25% if 10% of the line amount is borrowed at closing and remains outstanding for six months
  • By taking advantage of both discounts, your Annual Percentage Rate is Prime +0.49%

No closing costs on HELOC’s up to $350,000.00. Closing costs paid by Empire National Bank (ENB) must be repaid by borrowers if the line is closed within the first 36 months.

Closing costs will be paid by the borrower for HELOC’s in excess of $350,000; actual closing costs will be calculated at closing and typically include, but are not limited to, attorney fees, title insurance, mortgage recording tax, and appraisal. Closing costs may range from $0 to $14,597 for lines from $25,000 to $350,000 depending upon the property location within the bank’s delineated market area, which specifically impacts their recording fees and mortgage tax. For HELOC’s above $350,000, the closing costs will be based on the amount borrowed and property location. There is no application or annual fees. Minimum advance is $500 to avoid a $15.00 fee. Hazard insurance is required and flood insurance may be required. All offers of credit are subject to credit approval. Effective 8/22/2016, ENB HELOC is a variable rate product based on the highest Prime Rate as published daily in the Wall Street Journal plus 0.99%. Maximum Annual Percentage Rate is 16%.

Empire National Bank NMLS #891908


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